‘Queen Caroline’: The ‘Fake Charity Nerd Girl’ Behind The FTX Collapse

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Alameda Research CEO Caroline Ellison is a math whiz who loves Harry Potter and taking big risks. She is also one of the supporting players in Sam Bankman-Fried's FTX catastrophe — and a new darling of the alt-right.

There is little publicly available information about Ellison, but conversations with eight people who knew her, and a previously unpublished interview she gave tolast October, paint a rough picture of a quiet math nerd who climbed the crypto hierarchy until it all went bust.

“Being comfortable with risk is very important,” Ellison said on a podcast in May. “There are a lot of people who are very smart, but aren’t good, necessarily, at the messy world of trading—especially crypto.” Over coffee in California, Sam Bankman-Fried, a disarmingly aloof crypto entrepreneur, pitched her about joining Alameda Research, a new digital currency hedge fund he was working on that would exploit the differences in pricing for Bitcoin in different countries. It was the perfect arbitrage, he said. The exchange would help him toward his goal of""I was like, wow, that sounds pretty exciting.

As FTX cartoonishly imploded, going from “Assets are fine” tweets to bankruptcy in four days, attention turned to Alameda’s $10 billion in assets and its alleged practice of funneling FTX’s customer deposits to invest in risky speculative bets. Multiple crypto companies once seen as industry pillars are now on the verge of the same fate.

 

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I love when you guys post this version of the tweet, just so I can read the comments of people calling you out.

Math whiz She used elementary math! Did manage to flee to Dubai though, guess she didn't pay politicians as well as her boyfriend.

Please tell me you did not have money in FTX and we can laugh at those who did!!! It’s not regulated, that should have been your first clue….

I don’t Caroline’s math skills are as good as Forbes purports them to be….. just sayin’ .

Alt right I do not think that means what you think it means

Your move to straight propaganda to cover up monumental fraud destroys your credibility. Please, don't stop. Show everyone your true colors.

Interesting article. Must read!

Darling of the alt-right? look at her. She is nobody's darling.

alt-wrong. Nothing right about those people.

Hi I'm Joseph & I'm looking for either an investor,partner or buyer for one or multiple inventions that I have, im talking completely new & never thought of, It all startd when i lost out on my first random idea, the crocks, now i have multiple just as good if anything better?

Whoever runs this Twitter account deserves to be imprisoned for REPOSTING this bs article.

You really are trolling us now? Huh?

Straight garbage puff piece. It was fraud plain and simple.

Alt right? Misleading as hell

so you either believe that FTX's CEO is a honest hard working man or you're a bigot. am I missing something?

She's a criminal and nasty af.

I usually don't report things but you earned it, dikridaaa forbes.

WTF is going on?!

Oh yeah, every villian needs a political affiliation. I love how Americans think.

Lol

Darling of the alt-right? lmao

Yes a darling of the Alta right. You’re a darling of the nutcase group, what the hell ever happened to Forbes anyway🤡

This is embarrassing. Who is in charge over there?

New darling of the alt right? Whats wrong with yopu

She's a criminal who should be tried with her crusty boyfriend for treason.

So what if she was a math whiz. It's irrelevant if she wasn't using it in Alameda

She's your fall guy hey?

crazy children allowed to play with other people's billions

Who is writing this? They must be losing their sanity.

i know they were your meal ticket but send them to jail right away

Interesting you mention some unheard of 'alt-right' group in only a single paragraph of your article and is of zero consequence to the story of Ms. Ellison, Alameda Research, and her possible legal culpability. While it has become quite clear that SBF was in with TheDemocrats.

Reported for spreading misinformation

Am a professional hacker for hire

What in the actual fuck is this byline. Trash.

Reposting this again? You people are a disgrace

🤣🤣🤣🤣 OMG, just brilliant

Taking big risks with everyone else's money. 🤮

🤡🤡🤡

Forbes 🤡 supporting crooked individuals!

She Stole billions from innocent folks. With the blessing of the Democrats, Gensler and the SEC, his Stanford parents.

Darling of the alt-right? What a fluff piece. Would Bernie Madoff get the same treatment from Forbes?

April fools!

Forbes…are you serious with this shit

Am I dead ? I must be dead.

mfers flipped entropy bloated the galaxy space filled gas lit it en masse phoenix part burned alive & adorned built continental stilts can rise head for their highrise of guilts mfers flipped entropy sbf ftx

Forbes whyyyy 😂😂🤣🤡

They are thieves/scammers and you are veteran accomplices of a long list of scams

Darling of the alt-right? There used to be a time when forbes used to be regarded as an excellent publication. Now it’s just tmz with posher font and bigger vocabulary.

Ratio incominggggggg

Darling of the alt-right? That takes a lot of cajones to claim this given these people were running the largest Ponzi scheme ever and money laundering operation for the Democrat Party.

What? 🤣🤣🤣

So much shit reporting

BS

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